There has been a steady rise in 2024 in the preference for index mutual funds. Amidst the volatility and economic uncertainties, investors have increasingly turned to index funds for their stable and diversified growth potential.
According to the AMFI portal’s monthly report for November 2024, there are 270 open-ended index mutual funds listed, highlighting the broad range of options available to investors in the index fund category.
These funds, which include popular indices like Nifty, Sensex, and sectoral or thematic indices, mobilised ₹8,214.45 crore during the month, with a net inflow of ₹4,342.84 crore. The Assets Under Management (AUM) for index funds as of November 2024 stands at ₹2,73,175.07 crore, reflecting the growing prominence of passive investment strategies in the Indian mutual fund industry.
In this context, here’s a look at the most bought index fund SIPs on Angel One in 2024, highlighting top funds that attracted investor attention.
| Name | AUM (₹ Crore) | Tracking Error (%) | NAV (₹) |
| HDFC Nifty 50 Index Fund | 18,412.12 | 0.03 | 234.14 |
| SBI Nifty Index Fund | 8,465.40 | 0.02 | 223.87 |
| HDFC BSE Sensex Index Fund | 7,812.82 | 0.03 | 759.99 |
| ICICI Pru Nifty Next 50 Index Fund | 7,010.42 | 0.09 | 66.71 |
| UTI Nifty Next 50 Index Fund | 4,872.88 | 0.07 | 26.49 |
| Navi Nifty 50 Index Fund | 2,449.79 | 0.04 | 15.77 |
| Motilal Oswal Nifty India Defence Index Fund | 2,346.71 | 3.17 | 9.18 |
| Motilal Oswal Nifty Midcap 150 Index Fund | 1,986.47 | 0.06 | 39.18 |
| Nippon India Nifty Midcap 150 Index Fund | 1,635.99 | 0.11 | 25.08 |
| DSP Nifty Next 50 Index Fund | 902.86 | 0.13 | 28.33 |
Source: Angel One
Note: NAV and AUM data taken as of December 17, 2024.
Criteria: Most bought index fund SIPs are listed based on the count of orders received from January 1 to December 17, 2024. These are provided only for informational purposes.
It is important to note that the above funds are the only ones invested in the most in Angel One. These are not recommendations.
You should do your own research before investing in mutual funds. Consider your financial goals, risk appetite, etc. or consult a financial advisor.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
The securities/script mentioned are for informational purposes only and not for recommendation.
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